[size=36]Low oil prices in world markets[/size]
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Oil prices fell with the opening of the oil market today, Monday, after the second weekly decline in a row, after consumers in the world announced plans to release crude oil from strategic stocks and with the continuation of Chinese closures.
Brent crude fell at 07:39 Baghdad time, $2.32 to $100.64 a barrel, while US crude lost $2.42 to $95.84, and Brent fell 1.5 percent last week, while West Texas Intermediate, the American fell 1 percent.
The market has been watching developments in China, where authorities have kept Shanghai, a city of 26 million people, under "absolute zero tolerance" to COVID-19 and China is the world's largest oil importer.
International Energy Agency (IEA) member states will release 60 million barrels over the next six months, with the US matching that amount as part of its release of 180 million barrels announced in March. Ended 29/N33